RE:RE:RE:RE:And there it isWhat are you talking about? They will be cease trading tonight.Nasdag will delist on 23rd unless they get to a dollar a week ago and stay there. There is no financials coming as the auditors resigned They arent putting their names near this
The plant would be leased from a third party, arms length or other and pledged everything to the banks
12 cents hahahaha NO ONE IS BUYING THE COMPANY VIA SHARES . Not 1 penny will be paid. Receivers sell the assets , not the "company" There will be no restructuring.
Anyone buying today simply hasnt read the news or has head in sand after huffing paint.
okgonow wrote: sorrenson wrote: I see no value but any sale , whole or in part , will involve purging of the shareholders. There is no chance the creditors will get paid in full . If they could have they would have and they wouldnt be where they are today.
Shareholders are unsecured and get nothing.
Anyone who didnt see this freight train coming down the tracks with the horn blaring since July shouldnt be investing
okgonow wrote: Or they will find someone to buy the company with the blessings of RBC in hopes they will recover their money
yes we get penny on the $ but at least we stay alive rather than beeing delisted thats why there are buyers at .06 its a pull on the one armed bandit of VMC for $1 to possibly end up with a company paying .12 a share for the whole thing the market cap is at about $2,5 million they get a brand new plant and all other assets for possibly 5 mill plust taking on whats owed.
pretty cheap if your looking to get into or expandin your buissness in the EV market